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Diversified Miners News

Deep sea mining viability gets boost as prices rise, land-based ore depletes

By: Natasha Odendaal     27th October 2017 As demand for rare earths and precious minerals increase amid a drive towards a low-carbon economy, depleting land-based reserves are increasingly boosting the commercial viability and attractiveness of the “last frontier” of deep sea mining. With growing demand driving the prices for copper,... 

Influence of association grows in surface mining sector

     27th October 2017 The Aggregate and Sand Producers Association of South Africa (Aspasa) says it has become a world leader in the proactive guidance and management of issues facing the surface mining industry, subsequent to gaining the recognition of its local and international stakeholders. Aspasa’s proactive... 

Influence of association grows  in surface mining sector
Photo by Bloomberg
LOOKING LOCAL Aspasa advocates the recruitmet of workers living in close proximity to mining operations

Africa must innovate or risk being left behind

     27th October 2017 South Africa remains a resource-rich region, but has missed opportunities to take advantage of the resources boom. As such, it has suffered more than other resource-rich regions during the industry downturn, says mining networking platform African Mining Network (AMN) chairperson Yolanda Torrisi.... 

Africa must innovate or risk being left behind
YOLANDA TORRISI Innovation, cost effectiveness and safety are factors that must be prioritised, to boost Africa’s opencast mining industry

Association educates mineworkers and communities

     27th October 2017 With new technologies, increasingly stringent legislation and statutory compliance matters, education has become essential in surface mining operations, says Aggregate and Sand Producers Association of Southern Africa (Aspasa) director of surface mining Nico Pienaar. Modern surface mines require... 

Association educates mineworkers and communities
NICO PIENAAR The Aggregate and Sand Producers Association of Southern Africa wants to encourage surface mine and quarry management to look beyond their boundaries

Diamond company invests in mining communities

By: Nica Schreuder     27th October 2017 There is a new language to be learnt and a new mindset to be adopted in South Africa’s opencast mining industry, says diamond mining company De Beers’ Limpopo-based Venetia mine GM Benford Mokoatle. As many underground resources have been depleted in the region, mining companies have been forced... 

Diamond company invests in mining communities
SOCIAL CAPITAL Investing in communities and involving them in important discussions is crucial to sustainable mining operations

Drill series evolved to increase cost effectiveness and productivity

By: Nica Schreuder     27th October 2017 Intelligence platforms have been added to Sweden-headquartered engineering company Sandvik Mining and Technology’s Ranger series of drills to allow for automation, data connectivity and improved drilling processes, increasing productivity for customers. An example of this integration and the... 

Drill series evolved to  increase cost effectiveness and productivity
DEVELOPED ON DEMAND The DX900i is Sandvik's latest answer to the evolving technological needs of the surface mining industry

Supplier takes on larger equipment market

     27th October 2017 Industrial equipment supplier Goscor Earth Moving (GEM) has entered the large excavator market and has chosen to represent international construction and mining equipment manufacturer Sany. GEM signed an agreement with Sany on 17 May last year, to be incorporated under GEM, to operate as a... 

Supplier takes on larger equipment market
SPECIAL CONDITIONS Sany equipment has been engineered specifically for African operating conditions

Enviro lobby group takes emerging miner to court over phosphate mine’s water-use licence

By: Ilan Solomons     27th October 2017 Emerging miner Kropz has warned that the West Coast Environmental Protection Association’s (WCEPA’s) application to have the water-use license (WUL) for Kropz’s Elandsfontein phosphate mine, near Saldanha Bay, in the Western Cape, suspended, would, if successful, cause “irreversible environmental... 

Enviro lobby group takes emerging miner to court over phosphate mine’s water-use licence
Photo by Creamer Media image
IN THE CROSS HAIRS Kropz is opposing WCEPA’s application, stating that according to legal advice, the bid to have Elandsfontein’s water-use license revoked has ‘no grounds’

Vale’s Moatize operation continues to hit new production highs

By: Keith Campbell     27th October 2017 Brazilian mining group Vale’s Moatize coal operation in the Tete province of Mozambique has again set a new quarterly production record. This was revealed by the miner in its recently released report, “Vale’s Production in 3Q17”. Indeed, the third quarter (3Q17) saw the group achieve its highest... 

First indigenous tree species planted on West Rand sand dump

By: Ilan Solomons     27th October 2017 Local environmental watchdog the Federation for Sustainable Environment (FSE) planted the first indigenous trees, namely Ziziphus mucronatas, which are commonly known as Buffalo Thorns, on the rehabilitated footprint area of Sand Dump 20 in Randfontein, on the West Rand, earlier this month. The... 

First indigenous tree species planted on West Rand sand dump
Photo by Federation for Sustainable Environment
REINVIGORATING NATURE Sand Dump 20 was alleged to be the ‘largest man made sand dump worldwide’ and had been a significant source of dust fallout and water pollution

Draft regulations on rehab funds at odds with other pieces of legislation

By: Dylan Slater     27th October 2017 Mining companies are between a “rock and a hard place” over proposed tax measures to curb what government says is abuse of mining rehabilitation funds, according to law firm Bowman Gilfillan partners Betsie Strydom and Wandisile Mandlana.  

Freeport trades lower on earnings miss as production falls

By: Henry Lazenby     25th October 2017 The NYSE-listed equity of the world’s second-largest publicly traded copper miner by market capitalisation traded as much as 3.87% lower on Wednesday, despite confidently beating earnings forecasts as lower-than-expected output weighed on investor sentiment. For the three months ended September... 

Freeport trades lower on earnings miss as production falls
Photo by Freeport-McMoRan
SAG mills at Freeport's Grasberg mine, in Indonesia

Govt eager to get mining parties back to the table – Gigaba

By: Natasha Odendaal     25th October 2017 With the implementation of the revised – and heavily contested – Mining Charter Three postponed to December, Finance Minister Malusi Gigaba on Wednesday said it was critical that the current impasse in the mining sector be resolved. Earlier this year, the Department of Mineral Resources (DMR)... 

Govt eager to get mining parties back to the table – Gigaba
Photo by Duane Daws
Mineral Resources Minister Mosebenzi Zwane

Independence delivers strong start to FY18

By: Esmarie Swanepoel     25th October 2017 Diversified miner Independence Group has delivered a strong start to its 2018 financial year, as the Nova project, in Western Australia, delivered its first full quarter of commercial production. Nickel production at the Nova operation, in the Fraser Range, was up by 82% on the previous quarter,... 

Independence delivers strong start to FY18

Shared vision needed for mining to boost entire economy – Mgojo

By: Martin Creamer     24th October 2017 A collective national vision, which must be viable, inclusive and transformative, is urgently needed to unleash mining’s latent ability to energise the entire South African economy, Chamber of Mines president Mxolisi Mgojo said on Tuesday. Speaking at a media lunch, Mgojo emphasised the folly of... 

Shared vision needed for mining to boost entire economy – Mgojo
Photo by Duane Daws
Chamber of Mines president Mxolisi Mgojo

Kumba Q3 output down 2% y/y; FY guidance raised

By: Mia Breytenbach     24th October 2017 Anglo American subsidiary Kumba Iron Ore’s production decreased by 2% year-on-year to 11.5-million tonnes for the quarter ended September 30. This was owing to a 7% decrease in the Sishen mine’s production to 7.8-million tonnes, compared with 8.3-million tonnes in the third quarter of 2016. 

Kumba Q3 output down 2% y/y; FY guidance raised

Rio Tinto faces class action suit over Mozambique coal

By: Esmarie Swanepoel     24th October 2017 US law firm Hagens Berman has launched a class action lawsuit against mining major Rio Tinto over the miner’s 2011 investment in the Mozambique coal assets. The lawsuit claims that Rio and certain of its former executives violated the Securities Exchange Act, and made false and misleading... 

Rio Tinto faces class action suit over Mozambique coal

Radio Hill refurbishment starts

By: Esmarie Swanepoel     23rd October 2017 Junior Artemis Resources has started the refurbishment of its newly acquired Radio Hill processing plant, in Western Australia. In addition to upgrading the crushing, grinding and flotation circuits, Artemis will also install a new high recovery gold circuit capable of processing 500 000 t/y. 

Bushveld shareholders approve tin asset demerger

By: Creamer Media Reporter      20th October 2017 Shareholders of Aim-listed diversified mineral development company Bushveld Minerals have approved the demerger of the company’s tin assets. Bushveld earlier this month revealed its plans to demerge its tin assets, comprising the Mokopane tin and Zaaiplaats tin tailings projects in South Africa,... 

New AfDB, OpenOil report shows gaps in extractive resources management

By: Natasha Odendaal     20th October 2017 The African Development Bank (AfDB) and Berlin-based financial analysis firm OpenOil are hoping to trigger a new debate within Africa’s oil and gas and mining sectors with the publication of a jointly produced report on how African governments use financial models to manage projects. In an effort... 

South32 is said to study bid for $1.6bn Rio coal portfolio

By: Bloomberg     20th October 2017 South32 is studying a potential bid for Rio Tinto Group’s A$2-billion ($1.6-billion) coking coal portfolio, people familiar with the matter said, as it seeks to take advantage of surging prices for the steelmaking ingredient. The Perth-based company is working with an adviser as it weighs an... 

South32 is said to study bid for $1.6bn Rio coal portfolio
Rio Tinto's Kestrel mine.

Nigeria seeks to boost mining reserves to lure investors

By: Bloomberg     20th October 2017 Nigeria plans to spend 15-billion naira ($42-million) over the next year to explore for minerals and attract investors into mining and reduce its dependence on oil, Solid Minerals Development Minister Kayode Fayemi said. “Because we are starting from a low base, we want to have a portfolio of... 

Conference cornerstone of geophysics industry

By: Nadine James     20th October 2017 The fifteenth biennial South African Geophysical Association (SAGA) conference and exhibition has become a cornerstone of the geophysics industry within the African region, says SAGA conference committee chairperson Reece van Buren. “No other event caters for our science quite like this one and... 

Conference cornerstone  of geophysics industry
A FORMATION OF GEOPHYSICISTS This year’s South African Geophysical Association conference and exhibition included 32 exhibitors, 15 sponsors, 19 keynote speakers, 218 delegates and about 30 geophysics students

Rise in DRC exploration activity expected

     20th October 2017 With the improvements in the copper price, mining interest will soon be returning to the Democratic Republic of Congo (DRC), says mining consultancy SRK Consulting country manager Susa Maleba.   “In fact, for explorers wanting to initiate drilling programmes, time is running out,” says Maleba.... 

Rise in DRC exploration activity expected
EXTENDING LIFE The sulphide resources underlying the oxide resources at Kinsevere have the potential to extend the mine life to 2033

General uptick in West Africa mining as commodity prices improve

By: Ilan Solomons     20th October 2017 There have been a number of recent positive developments in West Africa’s mining industry, such as in Mali, where two new mines are scheduled to be commissioned by the end of this year. This is according to engineering and scientific consultancy SRK Consulting Ghana country manager John Kwofie,... 

General uptick in West Africa mining as commodity prices improve
Photo by SRK Consulting
JOHN KWOFIE SRK has been engaged in aspects of iron-ore projects in Cameroon, bauxite in Guinea and diamonds in Sierra Leone and Guinea in recent years

South Africa spending less than its peers on mining research and development

By: Mia Breytenbach     20th October 2017 While South Africa had increased its investment in mining research and development (R&D) since 2014, the country’s investment was still below that of its peers, delegates heard during a panel discussion on ‘Technological Innovation and Advancements in the Mining Industry’ at the Joburg Indaba... 

Gamsberg zinc project a thumbs up for South Africa amid investment slowdown

By: Mia Breytenbach     20th October 2017 Amid low levels of capital project activities in South Africa, the $400-million Gamsberg zinc and lead project, in the Northern Cape, has become the largest mining project under execution in the country. “Commentators have noted that this significant investment in the South African mining... 

Gamsberg zinc project a thumbs up for South Africa amid investment slowdown

Remove exploration red tape or mining will die, geologist warns 

By: Martin Creamer     19th October 2017 The excessive red tape around minerals exploration must be removed to prevent the demise of South Africa’s vital mining industry, consulting exploration geologist Allan Saad said on Thursday. Saad, who spent 18 years in geological roles with mining major Rio Tinto and who formerly represented the... 

Remove exploration red tape or mining will die, geologist warns
Consulting exploration geologist Allan Saad outlines current exploration constraints to Mining Weekly Online’s Martin Creamer. Photographs: Christo Greyling. Video and Video Editing: Nicholas Boyd.

BHP's chairperson holds first annual meeting, plans to review board

By: Bloomberg     19th October 2017 In  Ken MacKenzie’s first annual shareholder meeting at BHP Billiton, he emphasised that while the company will listen to investors, it is the board that makes decisions. For most companies, that’s a pretty unremarkable statement, but it carries extra weight at BHP, which is under pressure by... 

BHP's chairperson holds first annual meeting, plans to review board
BHP chairperson Ken Mackenzie

South32 bolsters net cash to $1.7bn, reports solid Q1 results

By: Esmarie Swanepoel     19th October 2017 Diversified miner South32 on Thursday reported its financial and operational results for the first quarter of the 2018 financial year, telling shareholders that stronger commodity markets had delivered a $33-million increase in its net cash position. “Our key commodity markets continue to... 

South32 bolsters net cash to $1.7bn, reports solid Q1 results
Photo by Bloomberg
South32 CEO Graham Kerr

BHP told bending to activists poses risks for debt investors

By: Bloomberg     19th October 2017 BHP Billiton’s new chairman Ken MacKenzie is grappling with a simmering campaign by activist shareholders -- moving too far to appease them could risk unsettling debt investors who own the world’s biggest miner’s $24-billion of bonds. The campaign by funds including billionaire Paul Singer’s... 

BHP told bending to activists poses risks for debt investors
BHP new chairperson Ken Mackenzie

Chamber files for review of 'disastrous' Mining Charter

By: News24Wire      18th October 2017 The Chamber of Mines filed an application in the North Gauteng High court on Tuesday to have a judicial review and setting aside of the Mining Charter. According to the founding affidavit, the Charter released by Mineral Resources Minister Mosebenzi Zwane on June 15 had, and continues to have, a... 

Chamber files for review of 'disastrous' Mining Charter
Photo by Duane Daws
Chamber of Mines CEO Roger Baxter

BHP on track for 7% volume growth in FY18; guidance intact

By: Henry Lazenby     18th October 2017 The world’s largest mining house BHP Billiton said on Wednesday it remained on track for a 7% volume growth in the 2018 financial year, leaving its full-year 2018 guidance unaltered. The Melbourne, Australia-based miner reported its operating results for the three months ended September 30,... 

BHP on track for 7% volume growth in FY18; guidance intact

‘Digital effectiveness’ tops EY’s 2017/18 risk radar

By: Henry Lazenby     18th October 2017 Professional services firm EY Global has revealed it annual ‘Top 10 business risks facing mining and metals’ report on Tuesday, with new entry ‘digital’ topping the list of most critical risks facing the mining industry in the coming year. This year’s report has seen a reshuffling with digital... 

‘Digital effectiveness’ tops EY’s 2017/18 risk radar

Miners beware growing cyber risk

By: Henry Lazenby     17th October 2017 Cyber risk has increased in prominence on professional services firm EY’s annual ‘Top 10 business risks facing mining and metals’ report, jumping to third position from ninth in 2016. According to EY's report, which was published on Tuesday, cyber risk is an ever-growing issue – an outcome of... 

Miners beware growing cyber risk

Rio Tinto produces more iron-ore and coal, but cuts copper guidance

By: Esmarie Swanepoel     17th October 2017 Diversified major Rio Tinto has reported increased production across its iron-ore and coal assets, but has adjusted its copper output expectations for the full year on the back of delays at the Escondida operation. “The business performed very well in the September quarter, with a strong... 

Rio Tinto produces more iron-ore and coal, but cuts copper guidance
Photo by Bloomberg
Rio Tinto CEO Jean-Sebastian Jacques

Exploration, junior culture needed to save mining – Bristow 

By: Martin Creamer     16th October 2017 Unless South Africa starts exploring again and finds new ore deposits, the country will continue to turn out the lights of the mining sector. With poor policy added, disinvestment and lack of interest will ultimately stop South Africa’s mining industry in its tracks, which will deal a colossal... 

Exploration, junior culture needed to save mining – Bristow
Top resources consultant Dr John Bristow outlines the urgent need for exploration to Mining Weekly Online’s Martin Creamer. Video and Video Editing: Nicholas Boyd.

Billionaire Agarwal increases stake in Anglo American to 19%

By: Bloomberg     13th October 2017 Billionaire Anil Agarwal has increased his stake in Anglo American to 19%, making him the biggest shareholder in the London blue-chip mining company. Agarwal’s Volcan Holdings Plc bought 102.2-million shares in Anglo, according to a regulatory filing Friday. The Indian billionaire, who said last... 

Billionaire Agarwal increases stake in Anglo American to 19%
Photo by Bloomberg
Anil Agarwal

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